JPMorgan Chase & Co. cut shares of Ryman Hospitality Properties (NYSE:RHP) from a neutral rating to an underweight rating in a research note published on Tuesday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $77.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $80.00.
Shares of NYSE RHP opened at $76.64 on Tuesday. The firm has a 50 day simple moving average of $80.35. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.51 and a beta of 1.17. Ryman Hospitality Properties has a 1 year low of $64.36 and a 1 year high of $90.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.88.
Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $363.63 million. Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Analysts predict that Ryman Hospitality Properties will post 6.71 EPS for the current year.
In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 3,250 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $83.05, for a total transaction of $269,912.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Resources Investment Advisors Inc. acquired a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $25,000. Pinnacle Financial Partners Inc. acquired a new stake in Ryman Hospitality Properties during the 1st quarter valued at approximately $75,000. FMR LLC increased its position in Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 196 shares during the period. Advisory Services Network LLC increased its position in Ryman Hospitality Properties by 15.3% during the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 133 shares during the period. Finally, Advisor Group Inc. increased its position in Ryman Hospitality Properties by 18.8% during the 4th quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 273 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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